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Salesforce.com (NYSE:CRM) Rating Reiterated by Wells Fargo & Company

Salesforce.com (NYSE:CRM) Rating Reiterated by Wells Fargo & Company

The company operates in the Technology sector with a market capitalization of 71.58 Million. It has a 21.93 P/E ratio. This segment also offers coverages in the area of onshore energy related businesses, as well as environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and commercial automobile liability and physical damage insurance products, and other types of commercial automobile risks, as well as related insurance coverages, such as general liability, excess liability, and motor truck cargo.

Salesforce.com, inc. (NYSE: CRM), is in the industry Application Software. Salesforce.com has a fifty-two week low of $68.23 and a fifty-two week high of $109.19. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Lockheed Martin Investment Company has invested 0.1% in Salesforce.com, inc. The stock increased 1.01% or $1.04 during the last trading session, reaching $103.96. The stock exchanged hands with 4,333,351 numbers of shares compared to its average daily volume of 4.41M shares. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since December 7, 2016 and is uptrending. It has underperformed by 8.92% the S&P500. Zacks Investment Research raised Salesforce.com from a "hold" rating to a "buy" rating and set a $102.00 price target for the company in a research note on Monday, August 21st. Therefore 86% are positive. Vestas Wind Systems had 5 analyst reports since August 20, 2015 according to SRatingsIntel. Harris Parker sold $700,850 worth of Salesforce.com, inc. (NYSE:CRM) for 610 shares. The rating was maintained by Citigroup on Thursday, September 1 with "Buy". Canaccord Genuity maintained the shares of CRM in report on Thursday, July 6 with "Buy" rating. On Saturday, August 22 the stock rating was maintained by DA Davidson with "Neutral". The firm has "Buy" rating given on Sunday, September 3 by RBC Capital Markets. As per Tuesday, October 18, the company rating was initiated by Rosenblatt. The rating was maintained by Credit Suisse with "Outperform" on Wednesday, August 23. William Blair maintained the shares of CRM in report on Monday, August 24 with "Outperform" rating. The firm earned "Underperform" rating on Friday, November 6 by Macquarie Research.

Symmetry Peak Management Llc, which manages about $804.57M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 400,000 shares to 500,000 shares, valued at $120.90 million in 2017Q2, according to the filing. Cetera Advsrs Ltd Liability holds 0.02% or 2,974 shares in its portfolio.

Investors sentiment increased to 1.38 in Q2 2017.

More news: Google to Launch New YouTube Music Service in March

With a gross margin of 73.20% and operating margin of 1.30%, this means there is a profit margin of 0.10%. It improved, as 50 investors sold CRM shares while 226 reduced holdings.

Hedge funds have recently made changes to their positions in the company. 611.55 million shares or 1.94% more from 599.94 million shares in 2017Q1 were reported. Illinois-based Calamos Wealth Mngmt Limited Liability has invested 0.18% in Salesforce.com, inc.

Inc (NYSE CRM) traded up $1.15 during trading hours on Thursday, hitting $104.07. (NYSE:CRM) news were published by: Seekingalpha.com which released: "Salesforce.Com: Chase The Wild Horse?" on November 20, 2017, also Investorplace.com with their article: "The Tech Wreck Is Creating Opportunity in Salesforce.com, Inc." published on November 30, 2017, Prnewswire.com published: "Salesforce 3.75M Users Now Have Access to Fastbase, Inc.'s Powerful Lead ..." on December 07, 2017. (NYSE:CRM). Cubist Systematic Strategies Ltd Co holds 0.24% or 43,175 shares in its portfolio. Da Davidson And owns 6,807 shares. 974.57 million shares or 0.37% less from 978.18 million shares in 2017Q1 were reported. (NYSE:CRM) rating on Wednesday, March 1. Rampart Invest Ltd Liability Corp owns 8,496 shares for 0.26% of their portfolio. Whittier Trust, California-based fund reported 56,538 shares. (NYSE:CRM). Badgley Phelps Bell holds 0.79% of its portfolio in Salesforce.com, inc. CRM's latest closing price was 12.78% away from the average price of 200 days while it maintained a distance of 2.30% from the 50 Day Moving Average and -2.17% away compared to its SMA 20. Sun Life Fin owns 4,884 shares. 67,811 are owned by Lpl Financial Limited Liability Corporation. Ngam LP holds 28,720 shares. Morgan Stanley has 0.42% invested in Salesforce.com, inc. (NYSE:CRM) shares were sold by Benioff Marc. Its share price has risen 14.24% in three months and is up 6.37% for the last five trades. Shares for $85,990 were sold by Conway Craig.

The stock decreased 0.27% or $0.16 during the last trading session, reaching $58.19. About 291,406 shares traded. RLI Corp. (RLI) has declined 13.83% since December 7, 2016 and is downtrending. It has underperformed by 4.50% the S&P500.


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